Trump called Jensen Huang mid-meeting as Lambda borrowed 1 billion dollars for chips
Three sources told WIRED that Donald Trump called Jensen Huang on his mobile phone midway through Nvidia's all-hands meeting on Thursday morning; staff could hear Trump's voice because the stage microphone stayed live. In the same period AI cloud provider Lambda raised 1 billion dollars in short-dated private debt arranged by JP Morgan Chase to buy the Nvidia chips it leases to Microsoft.
Artificial Intelligence··Morning
Huang stepped out mid-meeting for the call
Three sources who witnessed it told WIRED that Donald Trump called Jensen Huang on his mobile phone midway through Nvidia's all-hands meeting on Thursday morning. Huang stepped aside to take the call; because the stage microphone stayed live, staff could hear Trump's voice without making out the words. Huang was back on stage in under a minute. An Nvidia spokesperson declined to comment. Later the same day Trump congratulated Huang on social media over the company's quarterly sales.[1]
Nvidia announced a political action committee
On the day of the call Nvidia had announced a new employee-funded political action committee through which it means to donate to federal candidates as the debate over AI policy grows; Bloomberg Law reported the committee first. Nvidia and the administration have not always agreed on regulating open AI models or on selling advanced chips to China.[1]
Lambda borrowed 1 billion dollars for Nvidia chips
In the same week Donald Trump called Jensen Huang midway through Nvidia's all-hands meeting, the company was also the supplier behind Lambda's debt-financed chip purchase for Microsoft. The AI cloud provider Lambda has raised 1 billion dollars in short-dated private debt arranged by JP Morgan Chase, and is using it to buy the Nvidia AI chips it leases to Microsoft. The company closed a 1 billion dollar secured credit facility in May and announced a 926 million dollar senior secured term loan B this week for Nvidia GB300 graphics processors. TechCrunch reports that Lambda is in talks for a 3 billion dollar pre-IPO investment; the company raised 1.5 billion dollars of venture capital in November at a 5.43 billion dollar post-money valuation. Bloomberg data show banks and technology companies raised more than 400 billion dollars in AI-related debt across 2026.[1], [2]
